21st Guru

With the AIG liquidity crisis and economic downturn, many insurance companies are attempting to protect their bottom line by denying claims or undervaluing compensation for long-time policyholders involved in car accidents. The insurance company’s primary goal is to protect their profitability. This usually makes getting compensation more difficult than it should be.

Insurance companies have an obvious conflict between, on the one hand, trying to stay as profitable as possible, and on the other, paying their policy holders what they are rightfully owed. Individual insurance policy holders cannot be held responsible for spiraling costs.

When choosing a Chicago laywer, make sure if you are more comfortable conversing in Spanish that you find a Chicago abogado de lesion who offers servicio en espanol.

If you are in a car accident, you should contact a car accident attorney in order to protect your present and future rights for compensation. According to the 2008 Illinois Crash Facts and Statistics report, there were 1,043 fatalities in vehicle crashes on state roads. Each fatality was estimated to cost $1,200,000. Each Type A incapacitating injury, was estimated to cost $67,500, and each non-incapacitating Type B injury was estimated to cost $21,800. Type C injuries were estimated to cost $12,400.

In Illinois, the state mandatory minimum amount of liability insurance is $20,000 per person. Surely, the mandatory minimum amount of $20,000 won’t cover the costs of an incapacitating or non-incapacitating injury. Somewhere, insurance companies must make up the difference.

Assessing a lifetime of pain is very difficult for the computer models, algorithms and statistics of an insurance adjuster. It’s a simple fact that a lawsuit brought by a Chicago personal injury lawyer can provide a better calculation of your present and future compensation needs.

On average, an estimated 10 percent of insurance claims are rejected. Finding an experienced car accident lawyer to help you with insurance companies early on in the process, will increase your leverage during negotiations. Trust in the best Chicago car accident attorney to guarantee that you will receive the just compensation you deserve after your car accident.